6/27/25, 7:35 AM Principles of Real Estate 1- Champions School of Real Estate Questions and answers EXAM, SOLUTIONS (MULTIPLE CHOICES)…
Principles of Real Estate 1- Champions School of
Real Estate Questions and answers EXAM,
SOLUTIONS (MULTIPLE CHOICES) 100% correct
2025!!
Save
Terms in this set (68)
a freeway has made D.) Modification
commuting to a distant
suburban neighborhood
easier, resulting in an
increase in new home
sales. This increase in sales
is an example of the
economic characteristic of
A.) scarcity
B.) Fixity
C.) Situs
D.) Modification
The supply of Real Estate D.) All of these
is affected by
A.) Land cost
B.) Building codes
C.) Government
regulations
D.) All of these
https://quizlet.com/1057219272/principles-of-real-estate-1-champions-school-of-real-estate-questions-and-answers-exam-solutions-multiple-choices-… 1/22
,6/27/25, 7:35 AM Principles of Real Estate 1- Champions School of Real Estate Questions and answers EXAM, SOLUTIONS (MULTIPLE CHOICES)…
The least important factor B.) Personal Preference
affecting demand for real
estate is:
A.) Population Growth
B.) Personal Preference
C.) Availability of Credit
D.) Transportation Systems
A lawsuit was tried on a C.) Common Law
real estate matter. The
judge ruled in the case,
citing the decision of a
judge in a similar case that
was tried ten years ago.
The judges decision in the
case was most likely
based upon:
A.) Statutory Law
B.) Civil Law
C.) Common Law
D.) Local ordinance
A license holder was tried A.) Statutory Law
in a state district court on
a complaint arising from a
real estate transaction. The
court ruled that, among
other transgressions, the
defendant had violated
the Texas Real Estate
License Act. This decision
of the judge was based
upon:
A.) Statutory law
B.) Civil Law
C.) Common Law
D.) Local Ordinance
https://quizlet.com/1057219272/principles-of-real-estate-1-champions-school-of-real-estate-questions-and-answers-exam-solutions-multiple-choices-… 2/22
, 6/27/25, 7:35 AM Principles of Real Estate 1- Champions School of Real Estate Questions and answers EXAM, SOLUTIONS (MULTIPLE CHOICES)…
RMLOs in Texas are C.) Texas Department of Savings and Mortgage
licensed through: Lending
A.) Texas Real Estate
Commission
B.) National Mortgage
Bankers Association
C.) Texas Department of
Savings and Mortgage
Lending
D.) Texas savings and loan
board
A Freeway has made D.) Modification
commuting to a distant
suburban neighborhood
easier, resulting in an
increase in new home
sales. This increase in sales
is an example of the
economic characteristics
of:
A.) Scarcity
B.) Fixity
C.) Situs
D.) Modification
Air Rights are commonly D) all of these
leased or conveyed in:
A.) Cell tower leases
B.) Condominiums
C.) Outdoor Advertising
D.) All of these are correct
https://quizlet.com/1057219272/principles-of-real-estate-1-champions-school-of-real-estate-questions-and-answers-exam-solutions-multiple-choices-… 3/22
Principles of Real Estate 1- Champions School of
Real Estate Questions and answers EXAM,
SOLUTIONS (MULTIPLE CHOICES) 100% correct
2025!!
Save
Terms in this set (68)
a freeway has made D.) Modification
commuting to a distant
suburban neighborhood
easier, resulting in an
increase in new home
sales. This increase in sales
is an example of the
economic characteristic of
A.) scarcity
B.) Fixity
C.) Situs
D.) Modification
The supply of Real Estate D.) All of these
is affected by
A.) Land cost
B.) Building codes
C.) Government
regulations
D.) All of these
https://quizlet.com/1057219272/principles-of-real-estate-1-champions-school-of-real-estate-questions-and-answers-exam-solutions-multiple-choices-… 1/22
,6/27/25, 7:35 AM Principles of Real Estate 1- Champions School of Real Estate Questions and answers EXAM, SOLUTIONS (MULTIPLE CHOICES)…
The least important factor B.) Personal Preference
affecting demand for real
estate is:
A.) Population Growth
B.) Personal Preference
C.) Availability of Credit
D.) Transportation Systems
A lawsuit was tried on a C.) Common Law
real estate matter. The
judge ruled in the case,
citing the decision of a
judge in a similar case that
was tried ten years ago.
The judges decision in the
case was most likely
based upon:
A.) Statutory Law
B.) Civil Law
C.) Common Law
D.) Local ordinance
A license holder was tried A.) Statutory Law
in a state district court on
a complaint arising from a
real estate transaction. The
court ruled that, among
other transgressions, the
defendant had violated
the Texas Real Estate
License Act. This decision
of the judge was based
upon:
A.) Statutory law
B.) Civil Law
C.) Common Law
D.) Local Ordinance
https://quizlet.com/1057219272/principles-of-real-estate-1-champions-school-of-real-estate-questions-and-answers-exam-solutions-multiple-choices-… 2/22
, 6/27/25, 7:35 AM Principles of Real Estate 1- Champions School of Real Estate Questions and answers EXAM, SOLUTIONS (MULTIPLE CHOICES)…
RMLOs in Texas are C.) Texas Department of Savings and Mortgage
licensed through: Lending
A.) Texas Real Estate
Commission
B.) National Mortgage
Bankers Association
C.) Texas Department of
Savings and Mortgage
Lending
D.) Texas savings and loan
board
A Freeway has made D.) Modification
commuting to a distant
suburban neighborhood
easier, resulting in an
increase in new home
sales. This increase in sales
is an example of the
economic characteristics
of:
A.) Scarcity
B.) Fixity
C.) Situs
D.) Modification
Air Rights are commonly D) all of these
leased or conveyed in:
A.) Cell tower leases
B.) Condominiums
C.) Outdoor Advertising
D.) All of these are correct
https://quizlet.com/1057219272/principles-of-real-estate-1-champions-school-of-real-estate-questions-and-answers-exam-solutions-multiple-choices-… 3/22
